House Energy & Commerce Committee to hold a hearingThe Subcommittee on Health holds a hearing entitled, "Examining the 340B Drug Pricing Program" with the Deputy Administrator and the Asst Inspector General from the U.S. Health & Human Services Department on March 24 at 10 am. Webcast Link

FX Action: The dollar perked up FX Action: The dollar perked up following the in-line headline and slightly warmer core CPI data, taking EUR-USD from just under 1.1000 to 1.0936 lows, and USD-JPY from 119.35 to 119.68. Equity futures gave back about half of their modest gains, as yields inched up.

FCC Downloadable Security Technology Advisory Committee to hold meetingThe Committee holds a meeting where the Current Commercial Requirements Working Group and the Technology and Preferred Architectures Working Group report their findings on the competitive availability of navigation devices on March 24 at 10 am. Webcast Link

Energy Action: May NYMEX crude rallied Energy Action: May NYMEX crude rallied to near two-week highs of $48.34, as a further weakened dollar provided support. The rally came despite the unexpected drop in China's flash PMI to contractionary territory, and news on Monday that Saudi Arabia has no intention of cutting production. Resistance for the contract is now seen at $48.74, the March 12 high. RBOB gasoline has followed crude higher, trading to two-week highs over $1.82/gallon. Natural gas futures have edged up to $2.78/M BTU, from Monday's $2.73 close.